Photronics (NASDAQ:PLAB) Director Sells $770,600.00 in Stock

Photronics, Inc. (NASDAQ:PLAB) Director Kang Jyh Lee sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $38.53, for a total value of $770,600.00. Following the completion of the transaction, the director owned 493,350 shares of the company’s stock, valued at approximately $19,008,775.50. This represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kang Jyh Lee also recently made the following trade(s):

• On Monday, December 15th, Kang Jyh Lee sold 20,000 shares of Photronics stock. The stock was sold at an average price of $36.45, for a total transaction of $729,000.00.
• On Monday, October 6th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The shares were sold at an average price of $25.33, for a total transaction of $253,300.00.

Photronics Trading Down 0.3%

Shares of NASDAQ:PLAB opened at $32.87 on Friday. The company has a 50 day moving average of $24.76 and a 200 day moving average of $22.25. The stock has a market cap of $1.94 billion, a P/E ratio of 14.35 and a beta of 1.54. Photronics, Inc. has a 12 month low of $16.46 and a 12 month high of $39.80.

Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, December 10th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.13. The business had revenue of $215.77 million for the quarter, compared to analysts’ expectations of $204.54 million. Photronics had a net margin of 16.06% and a return on equity of 7.87%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. On average, equities analysts forecast that Photronics, Inc. will post 2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PLAB shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a research note on Monday. Wall Street Zen upgraded Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Singular Research upgraded shares of Photronics to a “strong-buy” rating in a research report on Thursday, September 4th. Zacks Research downgraded shares of Photronics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, DA Davidson lifted their target price on shares of Photronics from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.50.

Hedge Funds Weigh In On Photronics

Several institutional investors have recently modified their holdings of the company. Larson Financial Group LLC bought a new stake in Photronics in the 3rd quarter worth approximately $28,000. Hantz Financial Services Inc. raised its stake in shares of Photronics by 673.4% during the third quarter. Hantz Financial Services Inc. now owns 1,485 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 1,293 shares in the last quarter. Byrne Asset Management LLC bought a new stake in shares of Photronics in the 2nd quarter worth approximately $40,000. Wexford Capital LP purchased a new stake in shares of Photronics in the 3rd quarter valued at $62,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of Photronics by 336.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 3,600 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 2,775 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors.

Photronics Company Profile

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.